Barclays Forecasts Strong Price Appreciation for F&G Annuities & Life (NYSE:FG) Stock

F&G Annuities & Life (NYSE:FG) had its price objective increased by equities research analysts at Barclays from $46.00 to $47.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 11.01% from the stock’s previous close.

Separately, Piper Sandler lifted their price target on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd.

F&G Annuities & Life Stock Performance

Shares of FG opened at $42.34 on Monday. The stock has a 50-day moving average of $44.36 and a 200-day moving average of $42.55. F&G Annuities & Life has a one year low of $34.90 and a one year high of $50.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market cap of $5.34 billion, a PE ratio of -705.55 and a beta of 1.47.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.18 billion. F&G Annuities & Life had a return on equity of 13.05% and a net margin of 0.22%. During the same period in the prior year, the firm posted $0.96 EPS. On average, equities research analysts predict that F&G Annuities & Life will post 4.43 EPS for the current fiscal year.

Hedge Funds Weigh In On F&G Annuities & Life

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in F&G Annuities & Life by 1,386.8% in the 3rd quarter. Blue Trust Inc. now owns 565 shares of the company’s stock worth $25,000 after buying an additional 527 shares during the period. Iron Horse Wealth Management LLC boosted its holdings in shares of F&G Annuities & Life by 10.7% in the third quarter. Iron Horse Wealth Management LLC now owns 3,235 shares of the company’s stock worth $145,000 after acquiring an additional 312 shares during the period. SG Americas Securities LLC purchased a new position in shares of F&G Annuities & Life in the third quarter valued at $169,000. GSA Capital Partners LLP bought a new stake in shares of F&G Annuities & Life during the 3rd quarter valued at $231,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in F&G Annuities & Life during the 2nd quarter worth about $215,000. Institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.